World Bank Approves GEF Grant for Sustainable Production and Biodiversity in Mexico
30 August 2012: The World Bank has approved a US$11.7 million grant from the Global Environment Facility (GEF) to implement biodiversity-friendly best practices on at least 34,500 hectares of land, as well as to manage natural resources, and preserve and conserve land in Mexico. The project, which will run until 2017, seeks to reconcile rural production with ecosystem conservation, through improvements in the living conditions of rural farmers.
The “Sustainable Production Systems and Biodiversity” project will create sustainable production systems for over 6,900 small-scale producers, in an effort to decrease the negative effects of production on local biodiversity, while fostering local community development.
The total cost of the project is US$30.9 million, with US$19.2 million in co-financing provided by the Government of Mexico.
The World Bank is partnering with Mexico's Secretariat of Agriculture, Livestock, Rural Development, Fishing and Food (SAGARPA) and the Secretariat for the Environment and Natural Resources (SEMARNAT) for execution of the project, and the National Commission for Knowledge and Use of Biodiversity (CONABIO) will be in charge of organization and agency coordination. [World Bank Press Release]